04 Nov 2021

Quantum Computing and Finance: Expert Call with Professor Deeph Chana

Global Insights
Professor Deeph Chana from Imperial College London joins Citi’s Ronit Ghose to discuss how quantum computing brings us to the cusp of a potentially disruptive technological shift. Classical computing can study and store information in binary form i.e. 1s and 0s which limits the tasks that they can perform. By contrast, quantum computing transcends beyond binary form and stores data at a subatomic level enabling better complex problem solving. Quantum computing could help the financial services industry and the blockchain ecosystem via faster computational speeds. But it also poses risks to existing encryption standards, undermining security. Quantum computing wont replace classical computing, but rather work alongside it, and the industry will have to upgrade to quantum proof encryption methods before quantum tech is available at scale.
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